Finance News: Latest Financial News, Finance News today in Bangladesh

Stocks gain, but investors remain wary

The benchmark index of the Dhaka Stock Exchange (DSEX) rebounded this week, paring some of the previous week's steep losses as bargain hunters returned to scoop up undervalued blue-chip stocks, even though overall sentiment remained cautious amid escalating Middle East conflict.The week began in turmoil on Sunday, with the DSEX...

Crisis-hit People's Leasing seeks Tk 7.5b stimulus from govt for revival

Crisis-hit People's Leasing and Financial Services Ltd (PLFS), a non-bank financial institution (NBFI), has formally sought a financial stimulus of Tk 7.50 billion from the government to complete its restructuring process and resume full-scale operations.In a letter sent to the Ministry of Finance, the company outlined a comprehensive 'revival plan'...

Traders bet on Fed rate cut by September

The Federal Reserve will probably next cut interest rates in September, traders bet on Friday after government data showed inflation by the Fed's targeted measure wasn't quite as hot as feared at the start of the year, reports Reuters.Before the data, which showed a 2.8% year-on-year rise in the personal...

PRIME BANK PARTNERS WITH BEST WESTERN PLUS BAY HILLS HOTEL

Prime Bank PLC has recently signed a strategic agreement with Best Western Plus Bay Hills Hotel, Cox's Bazar to offer exclusive privileges to its customers and employees. Under this agreement, all Prime Bank credit and debit cardholders and the bank employees will enjoy attractive benefits at Best Western Plus Bay...

Global equity funds see highest outflows since Dec on oil shock fears

Global equity funds recorded the largest weekly outflows since mid-December in the seven days to March 11 as disruptions to oil supplies stemming from the ongoing US-Israel conflict with Iran stoked concerns about inflation and global economic growth, reports Reuters.According to LSEG Lipper data, global equity funds had $7.05 billion...

Global stocks mixed, dollar up as Iran conflict weighs

BOSTON/LONDON, March 13 (Reuters): Global stocks were mixed and oil prices stayed elevated as uncertainty over the Iran war continues to disrupt energy supplies, driving concerns over fuel inflation and interest rates.The price of oil hovered around $100 per barrel even as an Indian tanker sailed out of the Strait...